Chap. 89.—An ACT to empower the Old Dominion Lodge, No. 5, Inde-
pendent Order Odd Fellows, at Portsmouth, to invest their surplus funds,
and appointing trustees for that purpose.

Approved May 18, 1870.

Whereas, Old Dominion Lodge, No. 5, Independent Order
of Odd Fellows, at Portsmouth, have accumulated a surplus
school fund and a surplus lodge fund, which is not required
for the immediate use of said lodge, and which they desire to
invest so as to secure an income by way of interest or divi-
dend; therefore,

1. Be it enacted by the general assembly, That the trustees
of the said Old Dominion Lodge, No. 5, Independent Order
of Odd Fellows, and their successors in office, are hereby au-
thorized and empowered to loan out, on satisfactory security,
real or personal, or otherwise invest, so much of the funds of
said lodge of Odd Fellows as the members thereof may order
and direct, and in such manner as they may prescribe. The
funds so invested, or which may hereafter be invested, in the
name of the trustees of said lodge, shall be held by them and
fit, and subject to the control of the said Old Dominion Lodge
No. 5, Independent Order of Odd Fellows, in such manner a;
they may prescribe: provided, that the trustees of said lodge
shall not purchase and hold any more real estate than is now
prescribed by law. |

2. This act shall be in force from its passage. ~